Please describe your proposed solution.
Thank you for reading our proposal, it is appreciated!
This proposal is to offer multiple solutions that will be completed in a relatively short time, some of which have already been started as self-funded activities and some have been part funded by Project Catalyst:
Our proposal to build Business-to-Business & Business-to-Consumer trade within Cardano
We propose to continue building our “Cardano Community Hubs Ecosystem” that aims to provide all the tools and information (Listed below) needed to generate a “Cardano Trading Economy”, active trading priced in ₳DA and other native currencies.
We want to encourage Cardano enthusiasts to trade with each other and have the tools and incentives to bring new entrants onto the Cardano Blockchain using the Cardano Hubs model.
We need to build a solid ₳DA economy that DOES NOT rely on “Financial Engineering”.
We need to focus on building day-to-day trading for products and services with the ability to pay in ₳DA or other Cardano native currencies.
Comment: Crypto Traders are ruining the Crypto Market.
Financial manipulation & engineering is causing volatility and low prices, people are taking loans against crypto assets then re-investing the loan in more speculative Crypto investments – when the value goes down they have to sell at the bottom of the market to repay loans or unwind positions, further depressing the values.
These people are not contributing anything to the ecosystem, just creating more and more complicated and highly risky “money manipulation” for pure financial gain.
<u>We need to create real revenues and profits that are sustainable though all market conditions and are real beneficial use-cases or utility for the blockchain</u>, when blockchain businesses start earning profit through traditional trading the value of tokens becomes a secondary issue.
When Apple or Amazon’s share price goes down they do not stop making a profit!
There are good reasons why Cardano is Proof-of-Stake!
Cardano decided on proof-of-stake to enable low priced transactions, this has been achieved but we are not taking full advantage of this!
Cardano could overtake market capital of Etherium if we could create a vibrant “Real” trading economy. The Etherium “Gas Fees” have gone up to ridiculous heights when that blockchain gets congested (Thousands of dollars for one transaction sometimes), Cardano does not have that problem, so let’s benefit from this opportunity.
If Cardano is seen to be highly transactional offering real products and services in return for Cardano native currencies, no one can say “it’s a ghost chain” ever again!
<u>COTI ₳DA Pay (Funded) Proposal Close Out Interview with Kriss Baird</u>
<https://www.youtube.com/embed/A04Uxyu8LMs>BUSINESS GENERATION & TOOLS
Here are the activities and things we propose to develop, or continue to develop, over the next 6 months (2 months Pre-Funding, 4 months funded):
Business Training
Continue building the number of people interested in creating Cardano Community Hubs.
Continue developing training and clear guidance on Launching and running Cardano Community Hubs profitably, also how to approach and attract new users of the Cardano Blockchain.
Continue developing our Cardano Directory to build networking and trade within Cardano.
<u>Cardano Cart & Payment Gateway Plugins</u>
Cardano ₳DA Payment Plugins
We have built a number of payment gateways for multiple shopping carts based on Joomla and Wordpress, these need further development and integrations, also we need to provide comprehensive support and documentation for them.
COTI ₳DA Pay &DJED integration
We want to continue our work with COTI ₳DA Pay and incorporate the DJED Cardano stable coin into our software for retailers.
<u>Interview with Nicole McCarty of COTI - ADA Pay & Carl Henry</u>
<https://youtu.be/7e3pnBHBcAk>Cardano Wallet Integration
We also need to continue the work to integrate our ₳DA payment gateways with Cardano Wallets.
Development of Cardano Cart - https://cardanocart.app
We are in the process of developing “Cardano Cart”, this is a dedicated shopping cart ready to accept ₳DA for any product or service, you could even sell your NFTs directly to the buyers. It will be able to interface with Cardano Wallets, ₳DA Pay and much more.
₳DA Affiliate Referral Programs
We are also developing affiliate referral software so that Cardano “Tr₳Das” (Traders) can offer commissions and other incentives in ₳DA to people promoting their products and services, this will dramatically increase the number of transactions between our ecosystem members.
<u>Education & marketing</u>
Multimeda Multilingual Business Training
We are developing multimedia multilingual online Business courses and online digital training to help our Cardano Hubs make money, this includes our growing Online Business eBook Library.
Subjects will include many marketing techniques on all the social media channels and many unknown sales and marketing software tools that makes building sales much easier.
Events & meetings
Target: We aim to be promoting Monthly in-person and Metaverse meetings and events in North America, South America, Europe, Middle East, Africa, Asia and Oceania.
Business Development Kit
We will published a multilingual online training course about creating businesses, making money with the Cardano Blockchain and digital currencies.
Hubs Development Kit
We will publish a multilingual online training course about starting and building a Cardano Community Hub that becomes financially self-sustainable removing the reliance on funding from Project Catalyst.
Token Launch Kit
We will published a multilingual online training course about launching a Cardano Native Token in a responsible way, that does not rely on the token price for success. We will encourage responsible financial self-sustainability with an incorporated business use-case or a utility that will generate revenues and profits.
CCH Stake Pool Operator Kit
We intend to launch our own stake pool firstly to generate income to the CCH DAO and perhaps more importantly we will share all of the information about how we created our pool and all the details so that other Cardano Hubs can follow our models to make income.
User Generated Content (UGC)
We will encourage the community to contribute content to our platform and social media so that we get real engagement and a two-way flow of information in the community.
The CardanoVerse – Permanent Exhibition and virtual business world
We have started building this part of the proposal, utilising the MetaVerse we are creating a Virtual Exhibition hall that will showcase all the projects being built on the Cardano Blockchain.
There will be Virtual Meeting Rooms where your virtual presences can meet, discuss and watch presentations.
Virtual Hubs
Within “CardanoVerse” there will be entertainment, education and 3d business services, we also plan to make it multilingual. We will offer a “virtual office” to all active hubs where they can create meetings, presentations and promote their activities and make a profit.
Please describe how your proposed solution will address the Challenge that you have submitted it in.
Our History & Addressing Challenges
Over the last 4 Funds the community has changed the challenges, which means the priorities perceived to be of the highest need for Cardano.
Project Catalyst has changed a great deal since "FUND 1" (We have only been involved since FUND 6), each Fund has brought new ways of doing things and new guidance on submitting proposals and running projects - seems to all be for the good making Project Catalyst more sophisticated at every stage.
You will see at the beginning we submitted 23 Insights & 23 Proposals (Fund 6, 7, 8 & 9) built upon them, you can open a full list below - at the launch of each fund we have sought to address the community's "Challenges" while remaining true to our original ideas, incorporating them in activities required by the Cardano Community through challenges set.
This iteration is stated as a desirable quality by the Project Catalyst team, and also IOHK, "Taking initiative" has been requested by all including Charles Hoskinson, saying "Show me what you've got!", each fund we try to do just that.
Where we have received Project Catalyst funding it has helped move forward in the knowledge the Cardano Community are with us, in many cases where funding has not been available but we feel we can add value, we have self-funded proposals to move them to a position where the community can make a judgment based in the evidence before them, we have called this "Show don't Tell" - we will continue to do this.
Click the image to view the spreadsheet
Cardano Community Hubs are the front line of adoption
This challenge is all about making the Cardano Blockchain much more active and increasing the number of ways our ecosystem can contribute to improving the world.
We do not need to completely “reinvent the wheel!” We simply need to show existing business how we can benefit them, creating channels of communication from Cardano Community Hubs out into the wider world with quality structured proposals.
Our proposal is all about empowering people to become ambassadors and make some money along the way, also to offer practical tools & information, this is essential if the effort is to be sustainable for the long term.
We believe our proposal enables all types of people to participate in satisfying the objectives of this challenge, it will take all of us to succeed!
What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?
Resistance to new things
I think there is a general agreement that the block chain and cryptocurrency industry is widely misunderstood and possibly even distrusted. This will cause resistance to our efforts to expand the number of people who are employing blockchain and digital currencies within their daily transactions. We will attempt to find a solution to this by focusing on introducing our industry into daily life so that's people can see the benefits for themselves, we are also working on user interfaces that focus on simplicity of use and shield the users from the more technical aspects of our industry.
Lack of understanding (Knowledge Gap)
Fear is often created from the unknown, people will generally Steer are away from things that they do not understand, this is associated with the last point and the solution is to educate in a simple and straight forward way while demonstrating real world and real financial benefits of our industry.
Communicating the opportunities
The resistance two new things also will impact on how we are able to communicate with the wider public and their resistance to our marketing messages. One of the keyways we believe that this can be solved is to adopt A policy of using straight forward, non-technical, language. Also, by prioritising the demonstration of our industry’s various functions and features rather than entering into long winded presentations all future possibilities. In other words we need to “show” people not “tell” people.
Blockchain congestion
With mass adoption will come the bane of all blockchains and that is over congestion causing transactions to take a great deal of time or even time out completely and fail. The Cardano developers have this well in mind, we have followed the Cardano 360 reports for a long time so that we are able to report on the various developments and improvements that have been implemented or will be implemented very shortly. The primary method of counteracting this particular area of resistance to adopting blockchain technologies is to communicate the improvements in a timely manner and in a non-technical way, we are also looking to provide user interfaces that are uncluttered and easy on the eye that demonstrate the efficiency being achieved by the Cardano blockchain.
Competing Blockchains
As far as Cardano is concerned there is the threat that the blockchain and digital currency industry is rather tribal, even though there have been many declarations of aiming for interoperability, not only do other blockchains offer direct competition but also some of their followers Actively tried to destroy the prospects of other operations. The answer is to avoid direct contradiction of these types of people and to continue the drive by the Cardano community to reach out and try to achieve collaborations with all members of our young industry.
Creating smart contracts
Plutus and Haskell code developers are still quite a rare individual at this time, it is commonly heard that there is a shortage of skilled developers within the Cardano ecosystem. Smart contracts being the foundation of all agreements registered on the blockchain are potentially a bottleneck two greater adoption of the technology, we have been reaching out to create collaborations whereby we create user interfaces that will enable the layman to input the terms of agreements in plain English that will produce the necessary background code to manage and enact the smart contract terms. This brings to mind the old phrase “give a man a fish, he will eat for a day, teach a man to fish and he will eat for the rest of his life”.
Conclusion
This section is not exhaustive but it does raise a number of key issues that absolutely must be addressed for us to be successful in helping grow the adoption of blockchain technologies in general and the Cardano blockchain in particular.